2018-05-01T10:44:41-05:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 060646786 Miss Porter's School Inc MISS 8604093500 60 MAIN STREET FARMINGTON CT 060322232 MICHAEL BERGIN cfo 8604093500 2018-04-20 1 JOHN TOSCANO P00358542 9592007000 2018-04-19 209.3.217.20 2018-04-20 08:25:15 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 90CC17281F34CD083B051E620E31C1B2A26173FC 2016 2021-01-29 14:40:06Z MICHAEL J BERGIN 60 MAIN STREET FARMINGTON CT 060322232 47688692 0 X WWW.PORTERS.ORG X 1943 CT MISS PORTER'S SCHOOL EXCELS AT PREPARING YOUNG WOMEN FOR COLLEGE, FOR LEADERSHIP, AND FOR LIFE. our attentive, diverse boarding and day community provides a demanding curriculum - academic, artistic, athletic and residential. we challenge our students to become informed, bold, resourceful and ethical global citizens. we expect our graduates to shape a changing world. 26 25 300 286 253556 -360289 5672285 4912616 17293631 18018258 2377537 4007586 317727 416530 25661180 27354990 3697998 3826444 0 0 12261171 13317844 0 0 2596131 9997260 10149175 25956429 27293463 -295249 61527 158849188 169845346 23694350 24613220 135154838 145232126 Miss Porter's School educates young women to become informed, bold, resourceful and ethical global citizens. We expect our graduates to shape a changing world. 0 0 19560348 3826444 18005008 INDEPENDENT SECONDARY SCHOOL WITH 212 BOARDING STUDENTS AND 113 DAY STUDENTS, 91 SARAH PORTER LEADERSHIP INSTITUTE, 20 JR MODEL UN, 5 chat program, 17 steam institute. 19560348 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 82 0 1 300 1 1 1 1 CJ EI 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL J BERGIN 8604093500 60 MAIN STREET FARMINGTON CT 060322232 inne kim barber secretary 5.00 X X 0 0 0 fraser b beede trustee 2.00 X 0 0 0 gaylynn burroughs trustee 3.00 X 0 0 0 sarah clark trustee 3.00 X 0 0 0 kimberly crew trustee 2.00 X 0 0 0 sophie bass crommett trustee 1.00 X 0 0 0 philip desantis trustee 2.00 X 0 0 0 evelyn douglas trustee 1.00 X 0 0 0 thomas dudeck trustee 3.00 X 0 0 0 sonia holden evers trustee 2.00 X 0 0 0 Beryl gao trustee 1.00 X 0 0 0 lisa s lewis trustee 1.00 X 0 0 0 john d macomber trustee 1.00 X 0 0 0 Colleen magnus trustee 1.00 X 0 0 0 darcy s mauro trustee 2.00 X 0 0 0 j michael mcquade treasurer 5.00 X X 0 0 0 martin nance trustee 1.00 X 0 0 0 remy schwartz trustee 1.00 X 0 0 0 lisa townson seaman trustee 1.00 X 0 0 0 elise de compiegne shatto trustee 2.00 X 0 0 0 nancy k simpkins trustee 3.00 X 0 0 0 karen t staib vice chair of the board 5.00 X X 0 0 0 diana terlato chair of the board 5.00 X X 0 0 0 john c wilcox trustee 3.00 X 0 0 0 Leah wright-rigueur trustee 1.00 X 0 0 0 katherine g windsor head of school 40.00 X X 571246 0 167748 michael j bergin cfo, coo 40.00 X 311267 0 129130 Julia mccormack chief advancement officer 40.00 X 111520 0 36601 peter anderson director of facilities 40.00 X 111350 0 11547 melanie joseph controller 40.00 X 123284 0 21524 Elizabeth schmitt Chief enrollment and sAo 40.00 X 143992 0 98219 Christina pina chief advancement officer 40.00 X 119095 0 30567 1491754 0 495336 9 0 1 0 O&G industries 112 wall street torrington CT 06790 construction 3250751 brock and company inc 257 great valley parkway malvern PA 19355 food service 1375670 strategic investment group 1001 19th street n arlington VA 22209 investment advisory services 620386 contempo restoration llc po box 1454 farmington CT 06034 construction 602715 Centerbrook architects & Planners LLP po box 955 centerbrook CT 06409 Architects & Planners 436343 9 5541 4907075 1045406 4912616 tuition and fees 611110 17736612 17736612 summer programs 611110 164587 164587 student service income 611110 117059 117059 18018258 479616 57093 422523 179807 0 179807 179807 162497 17310 23757443 20229473 3527970 3527970 33966 3494004 11277 5541 11277 0 79702 92952 -13250 -13250 daycare center 624410 249973 249973 249973 27354990 18005008 253556 4183810 3826444 3826444 1085128 407711 609465 67952 9152955 5869735 1736141 1547079 902357 574979 177616 149762 1501160 965483 321144 214533 676244 416370 152752 107122 88666 88666 50000 50000 462836 462836 2417444 1952767 299639 165038 23744 382 19062 4300 1125759 770268 232716 122775 255364 184999 47370 22995 1086551 934434 152117 537018 352385 94692 89941 123479 98077 16270 9132 644582 504267 140315 2490957 2142223 348734 230381 198128 32253 departmental events and 421197 222730 108568 89899 membership dues 108374 67320 35569 5485 restricted operating ex 71672 71619 53 11151 27 11006 118 27293463 19560348 5136984 2596131 3142709 3358589 858656 3668621 7852184 5108128 103754 -128324 2218 182315 149231 197134 88031 91746 547903 847086 77005163 36129408 40178083 40875755 84864310 18922694 21062109 96121602 0 600000 158849188 169845346 2129533 1415940 2731006 3334164 18644099 19680677 94756 92391 94956 90048 23694350 24613220 X 36641682 41335510 33339340 37373579 65173816 66523037 135154838 145232126 158849188 169845346 X 61527 9980848 34913 X X 0 1 X 1 0 X 4062382 3635890 11866891 5672285 4912616 30150064 4062382 3635890 11866891 5672285 4912616 30150064 7237128 22912936 1207411 1121892 450410 557215 439833 3776761 193206 175501 289928 156146 253556 1068337 203721 201379 214449 148597 249973 1018119 36013281 82065674 0.63620 0.60830 X Schedule A, Part II, Line 10, Explanation of Other Income: day care center - 2012 Amount: $ 203,721. 2013 Amount: $ 201,379. 2014 Amount: $ 214,449. 2015 Amount: $ 148,597. 2016 Amount: $ 249,973. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 105878901 1126780 13519395 937505 4697813 114889758 113113332 2151970 -3733396 885338 4767667 105878901 113120382 1548582 3422444 603966 4374110 113113332 101325454 2175115 16420283 730944 6069566 113120342 94454634 2666415 11428036 831927 6391704 101325454 0.15750 0.56740 0.27510 0 0 7051112 7051112 59490009 28821275 30668734 8760994 7308133 1452861 1703048 1703048 40875755 alternative investments 96121602 F 96121602 pooled income/student activity fund 90048 90048 X 33174423 9980848 -3791531 6189317 26985106 462836 -92952 369884 27354990 23097135 92952 92952 23004183 462836 3826444 4289280 27293463 Part IV, Line 2b: security deposits for housing and dorms are held in an escrow account. Part V, Line 4: INCOME FROM ENDOWMENT FUNDS IS DRAWN IN ACCORDANCE WITH THE SCHOOL'S SPENDING POLICY AND USED IN ACCORDANCE WITH DONOR-IMPOSED STIPULATIONS OR, IN THE ABSENCE THEREOF, TO SUPPORT THE SCHOOL'S GENERAL OPERATING EXPENSES, INCLUDING SALARIES, FINANCIAL AID AND FACILITIES MAINTENANCE. Part X, Line 2: The School has no unrecognized tax benefits at June 30, 2017 and 2016. The School's Federal information returns prior to fiscal year 2014 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If the School had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the consolidated statements of financial position. Part XI, Line 2d - Other Adjustments: financial aid -3,826,444. change in value of split-interest agreements 34,913. Part XI, Line 4b - Other Adjustments: cost of goods sold -92,952. Part XII, Line 2d - Other Adjustments: cost of goods sold 92,952. Part XII, Line 4b - Other Adjustments: financial aid 3,826,444. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The school's statement on nondiscrimination is published year-round on the school's website. all print advertisements include an abridged version of this policy. North america 0 0 program services intermission/Student 4000 east asia & pacific 0 0 program services intermission program 15000 europe 0 0 program services intermission program 4000 sub-saharan africa 0 0 program services intermission program 2000 south america 0 0 program services Student recruitment 1000 cntrl america/carribean 0 0 Investments 27634000 europe 0 0 Investments 5774000 0 0 0 0 0 0 33434000 0 33434000 1 0 1 1 1 0 SCHEDULE F, PART I, LINE 3 (d) INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO. auction 16818 5541 11277 11277 16818 5541 11277 11277 11277 0 1 scholarships for students attending mps 159 0 3778603 fmv reduction in tuition medical insurance premiums and expenses 2 2494 fmv travel and required trips 27 1983 fmv cash assistance and school expenses 32 43364 fmv Part I, Line 2: Financial aid is determined through the analysis of a family's financial resources, including income and assets. To determine awards, the financial aid committee evaluates financial information and strives to make fair and objective financial aid decisions based on the needs analysis system of the School and Student Services (SSS) for Financial Assistance, a service of the National Association of Independent Schools. SSS provides Porter's with a Report of Family Contribution which is used as a guide, however Porter's completes an independent calculation for every application. X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 katherine g windsor head of school 325800 0 0 0 245446 0 102959 0 64789 0 738994 0 0 0 michael j bergin cfo, coo 231905 0 5000 0 74362 0 30660 0 98470 0 440397 0 0 0 Elizabeth schmitt Chief enrollment and sAo 143992 0 0 0 0 0 16178 0 82041 0 242211 0 0 0 Part I, Line 1a gross-up is provided for education benefits, certain employees are required to live on campus as a condition of employment. part of employee contract includes membership to a country club, housecleaning services and travel for relative while attending conference. Part I, Line 4b the head of school participates in a 457(f) plan. Part I, Line 7 additional compensation to the CFO/COO for a special project was approved by the head of school. A ST connecticut health and educational facilities authority 060646786 2015-08-18 23031000 refund 6-12-06 bond issue and proceeds for construction and renovations 0 0 0 A 23031000 181767 3457138 16045000 2542862 2016 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 0 A 1 schedule k, part i, bond issues: (E) issue price: this figure differs from form 8038 because at the time of the issue only $15,388,000 was tax-exempt. in april of 2016, the taxable portion of the issue was converted to tax-exempt thus bringing the total tax-exempt bonds to $23,031,000 at the close of the fiscal year. schedule k, part IV, line 2c: there is no arbitrage. kate windsor head of school computer X 1447 482 0 1 0 Kate windsor head of school part of compensation package X 180000 181688 0 1 0 michael bergin cfo computer X 1736 145 0 0 1 182315 schedule L, Part II, Loans to and from interested persons: (A) name of person: Michael Berginthe computer loans for each individual were entered into in accordance with the School's policy as outlined in the employee handbook. as such, board approval was not needed. X 53 759192 fmv X 1 274937 fmv X various auction items 8 11277 FMV 0 1 1 Part I, Column (b): Line 4: donated books valued under 5,000 not recorded on financial statements Line 5: Clothing, Desk other furnishings. Line 15: house Donated to set up annuity fund Line 18: Miss porter's school rings,collector plates,antique mirrors,signed fenway park seats All amounts reported in column (B) represent number of items contributed. Part I, Line 32b: fidelity is used as a broker to settle all stock contributions. Form 990, Part VI, Section B, line 11b the 990 is prepared with extensive review from internal business office staff and senior management. the form 990 is provided to our auditor for review, edits are made, and it is then reviewed by the audit committee of the board, per the audit committee's charter. all trustees are provided copies for final review prior to filing. Form 990, Part VI, Section B, line 12c EACH YEAR THE ASSISTANT TO THE HEAD OF SCHOOL DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO EACH TRUSTEE AND KEY EMPLOYEE DURING THE OCTOBER TRUSTEE MEETING. PRIOR TO THE END OF THE MEETING, THE SIGNED POLICIES ARE COLLECTED BY THE ASSISTANT TO THE HEAD AND SHE FOLLOWS UP DIRECTLY WITH ANY TRUSTEES OR KEY EMPLOYEES WHO WERE NOT IN ATTENDANCE TO ENSURE A SIGNED POLICY IS RECEIVED. ONCE ALL HAVE BEEN RECEIVED, THEY ARE REVIEWED BY THE ASSISTANT BUSINESS MANAGER AND ANY CONFLICTS ARE PRESENTED TO THE AUDIT COMMITTEE CHAIR FOR FOLLOW UP. ONCE THE REVIEW IS COMPLETE, THE FORMS ARE FILED IN THE BUSINESS OFFICE. during committee meetings, trustees must announce if a conflict arises regarding the subject being discussed. they can state the conflict and choose to recuse themselves from further conversation and voting on the subject matter. Form 990, Part VI, Section B, line 15 AN INDEPENDENT THREE PERSON COMMITTEE OF THE BOARD HAS BEEN FORMED TO ESTABLISH AND PROVIDE OVERSIGHT AROUND THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS. THIS COMMITTEE INCLUDES THE chair OF THE BOARD and two other trustees, which in this reporting year were THE TREASURER AND vice CHAIR OF THE board. THE COMMITTEE'S RECOMMENDATIONS REGARDING THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS ARE MADE UTILIZING COMPARATIVE COMPENSATION DATA REGARDING PEER SCHOOLS, INCLUDING DATA FROM THE FORTY MEMBERS OF THE ASSOCIATION OF BUSINESS OFFICERS OF PREPARATORY SCHOOLS (ABOPS), WITH A PARTICULAR EMPHASIS ON A SUBSET OF PEER SCHOOLS. THE PEER SCHOOL DATA INCLUDES BOTH GEOGRAPHIC PEERS AS WELL AS SIMILARLY SIZED AND ENDOWED SCHOOLS. THE COMMITTEE CONDUCTS A THOROUGH PERFORMANCE REVIEW ON AN ANNUAL BASIS WITH AN EMPHASIS ON THE ATTAINMENT OF PERFORMANCE GOALS AND OBJECTIVES ESTABLISHED ANNUALLY BY THE COMMITTEE. THE HEAD OF SCHOOL APPROVES ALL SALARY INCREASES FOR HER SENIOR STAFF. THESE INCREASES ARE BASED UPON REVIEW OF POSITION DATA FROM ABOPS. ONCE DETERMINED, A ONE OVER ONE REVIEW BY A MEMBER OF THE COMPENSATION COMMITTEE TAKES PLACE FOR FINAL APPROVAL. Form 990, Part VI, Section C, line 19 ALL OF THE SCHOOL'S GOVERNING DOCUMENTS, ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE BUSINESS OFFICE OVERSEES THE DISTRIBUTION OF REQUESTED DOCUMENTS. Form 990, Part XI, line 9: change in value of split-interest agreements 34,913. form 990, part xii, line 2c: there have been no changes to the school's oversight or selection processes during the tax year. 78 garden street llc 60 main street farmington CT 06032 faculty housing CT 0 351030 miss porter's school inc 2 mill lane llc 60 main street farmington CT 06032 faculty housing CT 0 753168 miss porter's school inc schedule r part i identification of disregarded entities. (f) direct controlling entity:Miss porter's school